Envestnet - ENV Stock Forecast, Price & News

Envestnet, Inc., together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. It also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services, as well as data aggregation and data intelligence platform, which offers cloud-based innovation for digital financial services. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

Analyst Upgrades and Downgrades

ENV has been the subject of a number of research analyst reports. StockNews.com downgraded Envestnet from a "hold" rating to a "sell" rating in a report on Thursday. JMP Securities lowered their price target on Envestnet from $97.00 to $80.00 and set a "market outperform" rating for the company in a report on Tuesday, July 12th. Raymond James lowered their price target on Envestnet from $90.00 to $73.00 and set a "strong-buy" rating for the company in a report on Friday, July 8th. Piper Sandler lowered their price target on Envestnet from $73.00 to $54.00 and set a "neutral" rating for the company in a report on Friday, June 17th. Finally, TheStreet downgraded Envestnet from a "c-" rating to a "d+" rating in a report on Friday, June 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.33.

Envestnet Stock Performance

Shares of ENV Stock traded up $1.34 during trading hours on Friday, hitting $60.51. The stock had a trading volume of 259,872 shares, compared to its average volume of 397,486. The firm has a market capitalization of $3.34 billion, a PE ratio of -110.02 and a beta of 1.16. Envestnet has a twelve month low of $49.08 and a twelve month high of $85.99. The stock's 50 day moving average is $55.14 and its 200 day moving average is $66.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 1.82.

Envestnet (NYSE:ENV - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $318.90 million during the quarter, compared to the consensus estimate of $324.02 million. Envestnet had a positive return on equity of 7.52% and a negative net margin of 2.42%. The company's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, research analysts forecast that Envestnet will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William Crager purchased 920 shares of the business's stock in a transaction dated Wednesday, June 29th. The stock was acquired at an average price of $53.79 per share, for a total transaction of $49,486.80. Following the completion of the purchase, the chief executive officer now directly owns 306,241 shares of the company's stock, valued at $16,472,703.39. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.44% of the company's stock.